Asia Plantation Capital has established plantations in several states of India since 2012. The northern state of Assam is regarded as one of the best quality sources of Oud oil and agarwood chips. In fact, Assam is reported to be where Gulf traders originally purchased their agarwood hundreds of years ago. Owing to the over exploitation and harvesting of agarwood trees, it is now illegal to export the product without government permission.

In 2004, the government had of Assam announced a policy stating that agarwood was an integral part of the cultural heritage of the state and that it would take measures to create a conducive atmosphere for its cultivation and utilization.

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Although operating privately since 2002, Plantation Capital was officially established in 2008 in the UK, before incorporation in Sri Lanka in 2009 as Asia Plantation Capital (APC), followed by Thailand, Hong Kong, Singapore and Malaysia.